DeFi Responsible for 60% Rise in Crypto Hacks, Says Chainalysis – BeInCrypto

A surge in stolen funds from decentralized finance (DeFi) protocols has sent losses from cryptocurrency hacks soaring nearly 60% in the first seven months of the year.
Between January and July 2022, stolen funds from cryptocurrency hacking amounted to $1.9 billion, up from $1.

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Tornado Cash Used For Good Causes Too, Vitalik Buterin Asserts As Crypto Community Reacts to Ban – BeInCrypto

Vitalik Buterin, a co-founder of the second leading cryptocurrency Ethereum, said he used the now sanctioned by the U.S. government mixing service Tornado Cash.

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US Treasury Department Sanctions Crypto Mixing Service Tornado Cash – BeInCrypto

The U.S. Treasury Department’s Office of Foreign Assets Control has sanctioned the token mixing platform Tornado Cash.
According to the department, the mixing service has been responsible for $7 billion in illicit fund flows since its founding in 2019.

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Hackers From North Korea Seen As Culprits In DeBridge Finance Cyberattack | Bitcoinist.com

Hackers from North Korea has reportedly found a new victim in DeBridge Finance, a cross-chain interoperability and liquidity transfer protocol, multiple sources disclose, Saturday.

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